10-Unit Apartment
For Sale
$625,000
542 N Ridgewood Avenue, Daytona Beach, FL 32114
Three separate buildings offer studio through two-bedroom layouts, with updates completed in many units.
Property Size5,797 SF
Price / SF$107.81
Days on Market415
Property Features for 542 N Ridgewood Avenue
General Information
Standard status
Active
Size
5,797 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
10
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,485
Building Details
Building Size
5,797 SF
Year Built
1925
Buildings
3
Listing Agency:
Realty Pros Assured
Listed By:
Thomas Caffrey
(386) 290-9233
Source:
Marlinrealtygroup
Added: Sep 12, 2025
Changed: Oct 29
Last Checked: Oct 29 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Pros Assured
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 5,797-square-foot apartment property comprises 10 units across three separate buildings, with parking available. Layouts range from studios to two-bedroom units, and many apartments have been updated. Two units are currently vacant.
Access is available from either US-1 or Taylor. The property is within walking distance of downtown and the renovated 25-acre Riverfront esplanade park.
Access is available from either US-1 or Taylor. The property is within walking distance of downtown and the renovated 25-acre Riverfront esplanade park.
Key Highlights
- 10 units across 3 separate buildings
- 5,797 square feet
- Apartment layouts range from studios to 2‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,173
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,460
$883.5K
Cap Rate 7%
$631,043
$631.0K
Cap Rate 9%
$490,811
$490.8K
Market Conditions
NOI Build-Up for 5,797 SF
Gross rent
$89.7K $15.48/SF
− Vacancy
−$9.4K −$1.63/SF
EGI
$80.3K $13.85/SF
− OpEx
−$36.1K −$6.23/SF
NOI
$44.2K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,460
Cap Rate 7%
$631,043
Cap Rate 9%
$490,811
Alternative Uses
Best Use
Apartment 5plus
$631.0K
$552.2K – $736.2K
NOI $44,173 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $1.99M
NOI $119,650 @ 7.0% cap · market cap 19.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three separate buildings offer studio through two-bedroom layouts, with updates completed in many units.
Where is this apartment building located?
The property is located at 542 N Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 10 units across 3 separate buildings; 5,797 square feet; Apartment layouts range from studios to 2‑bedroom units
